American Sierra Gold Corp (AMNP) just landed a 75% stake in California's underdeveloped Knownothing Mining Districts, estimated to contain 1.16 million ounces of gold!
Buy AMNP now around $1 a share and look for $15.20 soon, as historic estimates are confirmed. . .and up to $104 down the road.
The prospectors of the '49 gold rush knew there were huge gold deposits in the historic Knownothing Mining district of northern California. But even the toughest of them were eventually beaten by the rugged, inaccessible, still-untamed mountains that, to this day, stand sentry over one of North America's richest undeveloped gold deposits.
According to records kept by the California Division of Mines and Geology dating back to the 1870's, ore values in the Knownothing Mining District run as high as twenty ounces of gold per ton. And in case you don't know, that puts it near the top of the get-rich scale! In 1996, an independent study published by Cooksley Geophysics reported that the Knownothing Mining District contained. . .
- A total inferred resource of 1,165,000 ounces of gold. . .
- of which over 157,000 ounces were proven or probable.
To put that in perspective, at today's gold prices ($1,042 an ounce) that works out to a potential gold value of $1,213,930,000. Divide by the number of outstanding AMNP shares and you come up with the equivalent of $15.20 in gold for each around-$1 share.
Here's what interesting. Despite the knowledge that historical data, extensive surface exploration and soil geochemistry surveys indicate the presence of as many as 7 high-grade vein systems that almost certainly harbor over $1-billion in recoverable gold, there has never been a full-scale, technologically-advanced assault on the riches of the Knownothing.
One look at a topographical map and you'll immediately understand why. No real roads. Incredible steep and rugged mountains. No good way to get heavy machinery in and no real way to get the gold out without a major commitment to exploration and development.
Until now, area gold operations have been limited to a single, rather modest mill run by a local family-owned company by the name of Trinity Alps Resources. Their Discovery Day Gold Project covers 950 acres and controls the entire gold-rich, Knownothing Mining District.
For years, the folks running the Discovery Day Gold mine have made a very nice living. But, as gold began its climb to $1,000 an ounce, they realized the time had come to cash in big time. Of course, they needed capital and help. And that's when American Sierra Gold Corp. (AMNP) stepped in.
American Sierra Gold (AMNP) just inked a deal that gives them a 75% stake in the Discovery Day Gold Project that controls the entire Knownothing Mining District of Northern California. American Sierra has agreed to put up the $2 million needed for exploration, infrastructure and the full-scale mining equipment to launch an all-out attack to recover that $1.2 billion in gold!
Buy American Sierra Gold Corp. (AMNP)
Now While You Can Still Get it For Around $1.
There are Now 2 Reasons Why This Stock Could
Soon Be Trading at $100 or Higher!
My name is Eric Dany and I publish an extraordinarily successful monthly advisory letter, Eric Dany's Stock Prospector. As you might surmise from its title, my advisory is about taking riches out of the ground. . . making new finds in the mineral and energy fields.
I've put in my own pick and shovel time digging up the little-known facts on American Sierra Gold Corp. (AMNP) and the short version of what I've unearthed is simply that they just walked away with a 75% stake in a turnkey mining operation that published reports estimate harbors over 157,000 ounces of proven or probable gold reserves. At, call it $1,000 an ounce, that works out to $157 million worth of gold.
At American Sierra's buy-in price of just $2 million, using their 75% stake, that means AMNP paid a ridiculous $58.87 an in-ground ounce for a commodity that's trading today at somewhere close to $1,000 a pure ounce!
And that's using the conservative estimate based only on proven or probable reserves. Use the inferred estimate of 1.16 million ounces and the cost paid per ounce plummets.
Meanwhile, the world's 3rd largest gold producer has got to be watching!
This late-breaking Knownothing deal is just one of the big things American Sierra Gold (AMNP) has up its sleeve. There's another reason why this stock could soon be trading at over $100. In another stunning maneuver, AMNP recently bought what is unquestionably the single largest under-developed concession in the gold-rich precious metal belt in Chihuahua, Mexico.
What's interesting about this deal is that American Sierra's new property is adjacent to, and geologically identical to, the El Sauzal gold mine, the most productive gold mine in all of Mexico which happens to be owned by Goldcorp, the world's third biggest producer of gold. Goldcorp just paid $8.6 billion for the El Sauzal mine and is itching to get its hands on American Sierra's new property as well.
I smell a takeover! And if Goldcorp matches what it paid for American Sierra's Mexican neighbor, AMNP stock would leap to $104 a share!
I'll be happy to give you all the details on BOTH compelling stories for FREE and with on strings attached when you click on the link below. You don't have to register or fill out anything to get the both complete stories.
You and I both know that most stock-pickers who write advisory letters will tease you with their current #1 best stock pick, tell you all about how great it is and why it can't fail to make you rich and then leave you dangling without the actual name and trading symbol unless you subscribe.
Not me. I believe the best salesman for my advisory Eric Dany's Stock Prospector, will be the profits you're going to make on American Sierra Gold Corp (AMNP). The more you know now about the company, the more confidence you'll have in the integrity and depth of the research I put into every recommendation.
And, just in case you're the least bit hesitant to keep reading, let me just mention that readers who acted on my recommendations have absolutely trounced the market with recent gains like these:
| Wentworth Energy +1000% | Nova Gold +135% |
| Suncor Energy +556% | Advanced PSC +102% |
| Genzyme +226% | Petro China +100% |
| Pharma Product Dev +296% | U.S. Global +100% |
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